Posted on 10/16/2007 10:09:52 PM PDT by bruinbirdman
I’ll bring the cigars.
Democrats always want to redefine words when it suits them.
"Those who control language control minds."
Inflation is a perfectly good word with a perfectly good definition: 1) an act of inflating: a state of being inflated: as a) DISTENSION b: empty pretentiousness: POMPOSITY 2) an increase in the volume of money and credit relative to available goods resulting in a substantial and continuing rise in the general prise level
By definition, if there is no increase in money and credit there can be no inflation.
yitbos
Exactly, and that tends to mitigate the prices you see in other things -- and why we do not have inflation. There are offsets; they are just not what you pay attention to or maybe most of your money does go to things that have gone up while your income does not keep up. It does not matter what tools are used for, also I can tell you that I get cheaper flights using the same mode Delta.com and with the same short term notice. The costs for me to do business have come down dramatically. I use technology. I bought the same tee shirts last year and they were twice as much. If you would understand economics you would understand why. Plus what would your solution be? Deflation? If you think you understand inflation (which we DO NOT HAVE much of) once you learn the impacts deflation you will be more worried about that.
Would you please explain to me why you would not pick up a book at the library on economics? I just do get it. I gave you one title because it is written in plain English and is written by a fabulous conservative economist. Maybe if you read the excellent interview in The Rush Limbaugh news letter that came out a while back you would be more interested. He is a tremendous man.
http://www.rushlimbaugh.com/home/daily/site_052507/content/01125108.member.html
http://www.freerepublic.com/focus/f-news/1884150/posts
WOW. I had no idea we had this ping list. Dr Sowell is good for the soul.
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